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Showing 131 - 140 of 189 results for "Conflicted remuneration"

FoFA introduced into parliament with some tweaks

ALICE URIBE  |  WEDNESDAY, 19 MAR 2014
... Advice) Bill 2014 saw an 11th hour amendment to the general advice component which restricts the receipt of conflicted remuneration to employees only of a financial services licensee. The Financial Planning Association (FPA) welcomed the changes to the ...

Onus on consumers to ask about commissions: Sinodinos

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
... asked how clients could be sure that the adviser was acting in their best interest when certain forms of conflicted remuneration are sanctioned, Sinodinos said: "That's exactly the question a client has to ask. And the onus is on the adviser to answer ...

CFS outlines post-awards plans

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
... reviewing the possibility of allowing advisers to offer dual services in ways that it doesn't consider to be conflicted remuneration. In a policy similar to that outlined by BT's Vicki Doyle, Rubinsztein said CFS would also target CBA's smaller business ...

Treasury looks at further FoFA amendments

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
Treasury is considering confidential proposals to reverse rules that ban conflicted remuneration arrangements for corporate super specialist advisers, according to Douglas Latto, president of the Corporate Super Specialist Alliance (CSSA). Traditionally ...

FPA "extremely wary" of general advice commissions

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... document obtained by Financial Standard recommends to the government that "the general advice exemption from conflicted remuneration should exclude commissions, including upfront and trail commissions." The FPA noted that the exemption of conflicted ...

General advice exemption "irrelevant" to advisers: AFA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
The Association of Financial Advisers (AFA) has judged the general advice exemption to conflicted remuneration "irrelevant" in its submission to Treasury about the proposed amendments to the Future of Financial Advice (FoFA). "The AFA does not believe ...

FoFA changes go too far diluting conflicted rem: ISA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... that the proposed amendments to the Future of Financial Advice (FoFA) "go too far by diluting both the conflicted remuneration prohibition and the best interests duty." ISA deputy chief executive Robbie Campo spoke yesterday in a public hearing of the ...

FoFA reform brings general advice into the spotlight

LAURA MILLAN  |  MONDAY, 17 FEB 2014
The proposed amendment to Future of Financial Advice (FoFA) that exempts general advisers from conflicted remuneration could see a return to commissions according to the Opposition, despite some industry bodies arguing that these claims are "misconceived." ...

Bowen's FoFA fears "complete rubbish": AFA

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... extraordinary and unseemly scramble?" he said. Anderson argued that exempting general advisers from the ban on conflicted remuneration "is not something that's important to financial advisers because if you have a broad APL you can't have a discussion ...

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... Financial Advice in Super Symposium in Melbourne last week that while amendments softening the ban on conflicted remuneration do not mention commissions explicitly, the wording is not clear enough to rule out their return. The FPA chief executive said ...